FAME-II

India Established 7,432 EV Charging Stations Under FAME II: Minister

Minister of State For Heavy Industries Krishan Pal Gurjar, in a written reply before the Parliament, shared details on the amount given to the Electric Vehicle (EV) manufacturers under Faster Adoption and Manufacturing (FAME-II) for Hybrid Electric Vehicles.  “Rs. 5790 crores were given to electric vehicle manufacturers on sale of 13,41,459 EV under Phase II […]

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Row Over Misuse of FAME-II Subsidies Reaches Parliament

The ongoing controversy over the misuse of the Union government’s FAME-II scheme recently reached the corridors of the Indian Parliament. The development comes after the Union government was recently forced to take action against the errant Electric Vehicle (EV) manufacturers who allegedly flouted the scheme norms to claim subsidy. In the latest Monsoon Session of […]

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Two-Wheeler EV Sales Dip As Govt Slashes FAME-II Subsidy

The slashing of subsidies for electric two-wheelers by the Ministry of Heavy Industries last month has now shown results in its sales in the market. The ministry gives subsidies under the Faster Adoption of Manufacturing of Electric Vehicles (FAME)-II scheme. This hand-holding support from the government apparently helped many consumers to shun polluting vehicles and […]

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Errant EV Players Might Face More Trouble For Flouting FAME-II

The Ministry of Heavy Industries is now mulling stringent actions against alleged errant two-wheeler Electric Vehicle (EV) players in India for falsely claiming subsidies under the Faster Adoption of Manufacturing of Electric Vehicles (FAME)-II. The ministry is the nodal agency for disbursing FAME-II funds to EV players. As per reports, the ministry has planned to […]

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Govt Reduces Subsidy For Electric Two-Wheelers Under FAME-II

In its latest notification, the Ministry of Heavy Industries has ordered reduction in subsidies for electric two-wheeler vehicles under the Faster Adoption of Manufacturing of Electric Vehicles (FAME)-II scheme. The new provisions will be rolled out in India from June 1, 2023. With the reduced hand-holding support from the government, the electric two-wheeler prices are […]

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Govt To Disburse Subsidy Dues To Ola, Ather, Hero & TVS Under FAME-II

The Ministry of Heavy Industries, the nodal government agency handling the Faster Adoption of Manufacturing of Electric Vehicle (FAME)-II scheme, has been mulling returning the due subsidies of four major electric two-wheeler companies, reports claimed.  The move comes days after these EV players announced reimbursing the EV customers to whom these companies sold EV chargers […]

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EV rental services set up their own charging stations to ensure seamless customer experience: Dr Irfan Khan, eBikeGo

Electric vehicle (EV) rental services, particularly for two-wheelers, has seen a significant rise in India in recent years. This can be attributed to various factors, including the growing awareness about the benefits of EVs, the increasing availability of charging infrastructure and the government’s push towards the adoption of electric vehicles. In 2021, electric two-wheeler sales […]

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CESL Study On E-Buses Claims Cost Savings Vs CNG, Diesel Buses, Even Without Subsidy

Government-owned entity Convergence Energy Services Ltd CESL, which recently launched India’s largest e-bus tender, has shared a case study on the results of the bidding. This case study, which is based on a thorough market research conducted by CESL, WRI India, the World Bank, and others, highlights the key features of The Grand Challenge, which […]

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With Rising Demand, Tech Advancements, Govt Push in ’22, EV Firms Are Raring to Go in ’23

To circumvent the impact of increasing oil import bills, Indian government’s policy initiatives over the last couple of years has accelerated the adoption of e-mobility. As per the Ministry of Heavy Industries estimates, in 2022, 7.47 lakh EVs were sold under the FAME-II Scheme, as compared to 2.37 Lakh sold in FY2021-22. Faster Adoption and […]

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